The 33-year-old would rather stay in London until the end of the season, but could be tempted by a lucrative offer from Besiktas.

Bulgarian Danchev is in London for the final day of the transfer window in anticipation of completing a move away from Fulham for Berbatov, who has only five months remaining on his £80,000-a-week contract.

Levy is prepared to take over the remainder of that deal, but Besiktas may offer more long-term assurances.

Fulham ideally want to secure the signing of a replacement for Berbatov before pushing the green light on his departure. Olympiakos striker Konstantinos Mitroglou is the top target of head coach Rene Meulensteen, while Ajax’s Kolbeinn Sigthorsson and Kaiserslautern’s Simon Zoller are back-up options.

Other than securing a loan deal for Holtby, Fulham are also expecting to sign 21-year-old midfielder Ryan Tunnicliffe from Manchester United.

Berbatov enjoyed two brilliant seasons at Tottenham from 2006 before leaving under a cloud to join Manchester United for £30.75 million, but that no longer seems to be a problem for Levy.

Jermain Defoe will join Toronto FC at the end of next month and head coach Tim Sherwood’s preference for playing two up front could leave Tottenham short of strikers.

The club’s participation in the Europa League, which restarts next month, ensures that Berbatov will be offered enough playing time at Spurs to satisfy his considerable ego.

Tottenham plan to appeal against the red card Danny Rose received in the 5-1 defeat to Manchester City on Wednesday night and goalkeeper Hugo Lloris believes the left-back should not be banned.

“You have to respect the decision of the referee, but everyone had their point of view of that sanction,” said Lloris. “It was not a penalty or a red card. But after that you have to accept the decision and keep going in the game. But 11 against 11 when you play City is not easy. Ten against 11 is even harder.”

Tottenham have conceded 11 goals in the Premier League against City this season and were thrashed 5-0 at White Hart Lane by Liverpool.

“City were too strong for us,” Lloris said.

“But we can’t accept that, in front of our crowd again. It was the case against Liverpool and we have to have a good reaction in our next game. We have to push our level higher all together.

"We have to be positive because we are still fifth, three points behind Liverpool. So it’s open. We just need to be focused until the end of the game and I hope in the next big test against a team from the top four we will be better and we will have a good response.”